Yesterday we looked at the difference between the BLS method of measuring consumer prices vs. our Flyover CPI. The Flyover CPI attempts to show how "flyover America," which is everybody excluding the coastal elites of New York, DC, and California, experience inflation. It has persistently been well above the Fed's 2% "inflation target" ever since that target was first enunciated in 2012.
When It Comes to Inflation, Fed Has Refused to Face The Facts
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.